Fiscal Policy (HINDI)
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- čas přidán 5. 09. 2024
- Fiscal policy refers to the use of government spending, deficit and tax policies to influence economic conditions.
The Government budget and the total spending
GDP = C + I + G + X - IM
The left-hand side of this equation is GDP, the value of all final goods and services produced in the economy. The right-hand side is aggregate spending, total spending on final goods and services produced in the economy. It is the sum of consumer spending (C), investment spending (I), government purchases of goods and services (G), and the value of exports (X) minus the value of imports (IM). It includes all the sources of aggregate demand.
Fiscal policy that increases aggregate demand, called expansionary fiscal policy, normally takes one of three forms:
• An increase in government purchases of goods and services
• A cut in taxes
• An increase in government transfers
In case of an economy facing a recessionary gap. SRAS is the short-run aggregate supply curve, LRAS is the long-run aggregate supply curve, and AD1 is the initial aggregate demand curve. At the initial short-run macroeconomic equilibrium, E1, aggregate output is Y1, below potential output, YP. What the government would like to do is increase aggregate demand, shifting the aggregate demand curve rightward to AD2. This would increase aggregate output, making it equal to potential output.
Fiscal policy that reduces aggregate demand, called contractionary fiscal policy, is the opposite of expansionary fiscal policy. It is implemented in three possible ways:
1. A reduction in government purchases of goods and services
2. An increase in taxes
3. A reduction in government transfers
the opposite case-an economy facing an inflationary gap. Again, SRAS is the short-run aggregate supply curve, LRAS is the long-run aggregate supply curve, and AD1 is the initial aggregate demand curve. At the initial equilibrium, E1, aggregate output is Y1, above potential output, YP. fiscal policy must reduce aggregate demand and shift the aggregate demand curve leftward to AD2
Broadly speaking, there are three arguments against the use of the expansionary fiscal policy.
• Government spending always crowds out private spending
• Government borrowing always crowds out private investment spending
• Government budget deficits lead to reduced private spending. First of these claims is wrong in principle, but it has nonetheless played a prominent role in public debates. The second is valid under some, but not all, circumstances. The third argument, although it raises some important issues, isn’t a good reason to believe that expansionary fiscal policy doesn’t work.
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I've studied from a reputed DU college but I have rarely seen teachers employing the way in which you "indianize" theories which have mostly been propounded by Western economists. It helps brings the subject closer, immensely. And the explanation of the chronology in which an economic idea developed is a cherry on top. Thankyou Sir.
Thanks a lot for this generous appreciation. By the way I have also taught in DU's Khalsa College for a brief period in early 1980s.
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sir
In GDP equation G stands for govt spending on purchase of goods and services + govt spending on infrastructure.
Transfers are earlier income redistributed in economy so not included in GDP but you have added. Sir Please clarify.
How does a lump-sum income tax cut by the government of India can affect India's imports
of consumer goods from foreign countries. Mathematically mention the equilibrium condition for national income determination in an Open Economy as per the leakages-
injections approach.
Can you please answer this question....🙏🏻
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Can you tell any FOREIGN ECONOMIC
factor that can influence the fiscal policy of any country which has an open Economy, please.....🙏🏻
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Thanks for the appreciation.
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Thank You ,Sir,,But pls add an Example after explaining each point....so that it would be get easy to understand....
Noted
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How we can get balance economy?
Good question????
Thank you Sir!
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Thank you so much sir for your simply explaining concepts
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It was an excellent lecture, kindly tell us about difference between fiscal policy of liberal and socialist democracies. Comparison type analysis.
Fiscal policy is about government’s revenue (largely tax revenue), expenditure, and debt. In socialist countries govt sector is big. Many things are decided by the govt rather than the market. Liberals believe greater role for the market and limited role for the govt.
What material is authentic for indian economy for nta net exam point of view plz recommend sir
Misra and Puri : Indian Economy, Himalaya Publishing House
Nice explanation sir ji
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All the best but please do not rely entirely on videos. Reading books should not be substituted by it.
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Thumbs up for this video .
Thank you sir . I always waiting for your videos. And sir please answer this question that what r the role of fiscal policy in increasing employment.
Sir pls leviathian hypothesis ka topic people video baniye plesess plss
Very simplified and detail analysis.
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how did you do it can you share with me , thank you
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Hello sir, are you going to start the classes on Gate Economics?
Sorry, no classes
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Plz sir richardian equivalence ke video upload kariyana
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What are the features of fiscal policy
Analysing critically will make the lecture more relevant.
ok
Awesome explanation
Thanks
Increase in govt spending may have crowding out effect. Ultimately the output will be the same. What do you think?
thank you sir very useful lecture for me...
You are welcome
MNC ACTIVITY IN DEVELOPING COUNTRIES
LOANABLE FUND THEORY WGRA KA VEDIO DALOO
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Noted
always feel delighted to have your lecture
Thanks a lot. It is your appreciation that keeps me motivated.
@@EZClassesfaghsa sir one request to you..keep relating the theories with the current scenerios and why they need to study...i always feel as a economics student that we are taught to learn theories not to implement them...as we know economics is all about implementation of theories in real life...and also it is a very dynamic subject so it should be related with the current scenerios and latest changes and advancement in theory... efforts regarding this will be helpful to all
Wherever possible I will try to relate the content to the real world situation.
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Welcome
Sir your lectures was too good, thank you so much. A small request is please make videos on the basic economic terms like different types of taxes, revenue, expenditures of government, GST etc as it'll be much more helpful to clear our basics.
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May be
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Welcome
Sir fiscal policy kyu hota h
Ho mukhadde konodoka?
Sir Discretionary and non-discretionary fiscal Policy ko define karda I am from PAKISTAN
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yes i will try my best
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I request you to make some videos regarding the topic "Macroeconomic Indicators''
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23:29
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Tell me the question then let see
czcams.com/video/7xQMkc0t12M/video.html
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Welcome
Sir Multipliers ka concepts is main include nahi hai. iska dusra lectures karenge sir?
ok
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Sir I have one question can you. Help me..
Will try to answer your question to the best of my capabilities.
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@@EZClassesfaghsa
Question. :
How does Permanent income hypothesis explain short run MPC is lower than the long run MPC? Do think that short run MPC of someone whose income is highly variable will be relatively low?
Why?
Sir you can send me. Answer through my mail
hali58163@gmail.com
Regards : HAZRAT ALI
thanku sir
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Sorry for that
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